In Greenwich we’d have just tasered the little trouble maker.
9 year old schizophrenic school girl tossed in jail cell
Daily Archives: October 16, 2008
There goes the neighborhood! Hedge funds to cut 10,000 jobs. The article also says $43 billion of investors’ money has been yanked out of those funds, so far. Do you know how much Greenwich office space is occupied by hedge funds? And how many of those buildings are owned by foreign REITS? Neither do I, but I’ll bet the answer is, “a whole bunch”, and I know that, when REITS feel the pressure, they look to dump foreign assets for whatever they can get. That may cause rents to drop, but if rent drops in a vacant office building, does anyone hear?
19 Farley Street
Buy this house now, $1.045 million.
A reader asked about nice houses in the million dollar range – this is one. Its builder, Al Oliveira, does great work. I met Al when he and Rick Hvolbeck did just a stellar job on Pal Nancy’s house, replacing work that had been done by far less talented carpenters in the past. If his workmanship displayed there is typical of his other work, and I’m sure it is, then this house was built well and tight. It certainly appeared to be when I toured it.
This was priced originally at $1.595 and, a year ago, that would have been a fair price. Now, after several price reductions that have dropped it below what it cost to build, it can be had for a hair over $1.0 million. That’s an excellent buy and no, it’s not my listing. But I’ll be glad to sell it to you – give me a call.
Update: someone said she couldn’t find the house on Raveis.com. It is a Weikert listing, but here are the details as posted by Raveis:19 farley Street, ML# 69428
I really liked this house, way up near the end of Bedford Road, when it first came on the market in May of 2003. I didn’t like its price, $5.9 million and neither did anyone else – it finally sold for $4.0 million a year later. The new owners have “renovated” it (open house is scheduled for next Tuesday, when we’ll have a chance to see how encompassing that term is) and have placed it back on the market for $5.5 million. We’ll see how that goes but the house does illustrate that wildly overpricing houses was happening in 2003, too.
There were 6-8 comments lined up waiting this morning for posting. I clicked on them and then pushed “reject” instead of “publish” (the buttons on my iPhone are too small for a clumsy-fingered guy like me) and now they’re …who knows where rejected electrons go? Anyway, sorry – please write again.
29 Irvine, OG
Two Sales of Note
29 Irvine sold yesterday for $2,150,000 which is a little less than 75% of what was asked for back in May and possibly far less than its original price in January – I can’t tell; all records of the original price, except for the date of the listing contract, have disappeared from the Greenwich Multiple Listing Service’s records. Would the GMLS expunge records? You tell me.
3 Old farms Road (north of the Post Road, in Old Greenwich)sold for $1,525,000, 76% of its original asking price back in April, $1,995,000 and $225,000 less than they paid for it ($1,750,000) in August, 2003. Ouch.
Our School Superintendent announced yesterday that she will not seek to have her employment contract renewed. She leaves in June.
Well, even if her students can’t, now we know that Sternberg can read writing on the wall.
Time to consider Peter Tesei’s (and others’) idea of selecting our next Superintendent from among the ranks of our current principals, who presumably know the town, its students and the parents. And if none do, who are we hiring as our principals?
London Bridge (to NYC) is falling down This Britisher looks at the falling pound and Euro, examines this years sales of expensive New York condos to Europeans and concludes that the New York real estate business is about to fall on hard times . Perhaps he’s hysterical [a newspaper reporter? You’re kidding,right? Ed.] but bad news for that market is bad news for ours. Who do you think is, after selling their city co-ops, plunking the cash down here?
Politics for a Change! Biden funnels $2,000,000 campaign loot to family . But don’t worry: Aides to Mr. Biden said all of the payments he has made to family members or their employers were aboveboard.
Well that’s a relief. I was worried that, after only 38 years in Washington, the man had been corrupted!